Ghana–South Korea relations
 | |
 Ghana |
 South Korea |
|---|---|
| Diplomatic mission | |
| Ghana Embassy, South Korea | Embassy of South Korea, Accra |
Ghana–South Korean relations are the bilateral relations between Ghana and South Korea. Ghana has an embassy in Seoul. South Korea has an embassy in Accra.
Economic relations
[edit]Comparatively, in 1960, Ghana had the same or a similar GDP per capita as South Korea. However, in 2017, Ghana had a GDP per capita of $1,641.487, while South Korea had a GDP per capita of $29,742.839. This is about ten times the GDP of Ghana per capita.[1]
Ghana's top product exported to South Korea is cocoa beans, estimated at $11.5 million in 2020. Ghana's total exports to South Korea in 2020 were estimated at $34 million. Other commodities exported from Ghana to South Korea are scrap copper, valued at $8.85 million in 2020, and industrial fatty acids, oils, and alcohols, valued at $6.56 million. On the other hand, South Korea's exports to Ghana in 2020 were estimated at $225 million. This is approximately seven times higher than Ghana's exports to South Korea. South Korea's top two commodities exported to Ghana were cars (estimated at $24.8 million) and delivery trucks (estimated at $15.8 million).[2]
See also
[edit]References
[edit]- ^ Adu Amoah, Lloyd G.; Asante, Kwasi (2019-03-07). "Ghana-Korea Economic Relations – The Record after 40 Years and the Future". African and Asian Studies. 18 (1–2). Brill: 6–39. doi:10.1163/15692108-12341414. ISSN 1569-2094. S2CID 151231028.
- ^ "Ghana (GHA) and South Korea (KOR) Trade - The Observatory of Economic Complexity". OEC - The Observatory of Economic Complexity. 1995-01-01. Retrieved 2023-01-02.
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